What does FY mean?

Fiscal Year (FY), also known as Financial Year (FY), is a 12-month period used by governments, businesses, and organizations for financial reporting, accounting purposes, and budgeting purposes.
FY does not necessarily align with the calendar year and can start on any date, depending on the entity's preference.

Example:
In India, the financial year starts on April 1st and ends on March 31st of the following year.

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